FIR AGAINST PAWAN MUNJAL
Ex-PM’s grandson, MP, now sex offender? The case against Prajwal Revanna
The alleged sex scandal involving incumbent Lok Sabha MP Prajwal Revanna and his father HD Revanna is getting uglier by the minute as leaders and political parties trade insults and spar over who's to blame
Assam: Many BJP leaders are in touch with Congress, says Pawan Khera
Khera said that “Sarma tries to keep contact with Congress, he is afraid that if BJP loses, where will he go. We won’t take him back, don’t worry. Many BJP leaders are in contact with the congress. After BJP has announced its list, many BJP leaders are in contact with us and very shortly, they will get the shock.”
Remark on Modi: SC dismisses Congress leader Pawan Khera's plea to quash criminal proceedings
The Supreme Court dismissed a plea by Congress spokesperson Pawan Khera for quashing criminal proceedings against him over a remark allegedly targeting Prime Minister Narendra Modi. The court was hearing an appeal against an Allahabad High Court order.
Remarks against PM Modi: SC refuses to quash criminal proceedings against Congress leader Pawan Khera
On August 17 last year, the high court had dismissed Khera's plea saying the evidence collected by the investigating officer of the case cannot be evaluated in petition filed under section 482 of the Code of Criminal Procedure (CrPC) for quashing the case.
HC stays proceedings against Pawan Munjal days after ED attached properties of Hero Moto CMD
The Delhi High Court has stayed the Enforcement Directorate's proceedings against Hero MotoCorp's CMD Pawan Munjal, following an ongoing money laundering investigation. Munjal was accused of using foreign currency issued in the name of others for personal expenditure abroad, overriding RBI rules. The ED seized assets worth Rs 24.95 crore from Munjal's relationship manager.
ED attaches assets worth Rs 24.95 cr of Hero Moto’s Pawan Munjal in money laundering probe
The Enforcement Directorate has attached three immovable properties worth Rs 24.95 crore to Hero Moto's CMD Pawan Munjal, with the total value of the seizure and attachments now estimated at Rs 50 crore. The prosecution complaint alleges that foreign currency equivalent to Rs 54 crore was illegally taken out of India.
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Delhi HC stays DRI proceedings against Hero Group chairman Pawan Munjal
The Delhi High Court has stayed proceedings against Hero Motocorp Chairman Pawan Kant Munjal by the Directorate of Revenue Intelligence (DRI). The court noted that Munjal had been exonerated by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) on the same set of facts, which was not disclosed before the trial court.
Hero Moto's Pawan Munjal to take a pay cut of 20%
Hero MotoCorp's board has approved a 20% reduction in Chairman Pawan Munjal's fixed salary. Munjal previously decided to separate the roles of Chairman and CEO and appoint a CEO. In FY23, he earned Rs 99.6 crore, an 18% increase from FY22. The new remuneration would be effective January 1, 2024.
Hero MotoCorp's Pawan Munjal to take 20% pay cut following split in Chairman and CEO roles
Earlier this year, Hero decided to separate the roles of the Chairman & CEO and appoint a CEO for the company. Following this transition, Munjal volunteered to reduce his fixed salary. Munjal has been accused of forgery and fraud charges in an FIR filed by the Delhi Police recently. The Delhi High Court later stayed the criminal proceedings against Hero MotoCorp and its chairman in the case.
Remarks against PM Modi: SC agrees to hear Congress leader Pawan Khera's plea against HC order
On August 17, the high court had dismissed Khera's plea saying the evidence collected by the investigating officer of the case cannot be evaluated in petition filed under section 482 of the Code of Criminal Procedure (CrPC) for quashing the case.
HC stays proceedings against Hero MotoCorp, Chairman Pawan Munjal in forgery case
The Delhi High Court has granted a stay on the criminal proceedings against Hero MotoCorp, its chairman Pawan Munjal, and officials in a case of alleged forgery. The court has ordered the stay until December 6 and has also suggested the possibility of a settlement. Hero MotoCorp had challenged the trial court's order to register an FIR against them.
Relief for Hero MotoCorp's Pawan Munjal till Dec 6 as Delhi court stays proceedings based on FIR
The Delhi High Court has issued a stay on proceedings in a first information report (FIR) filed against Hero MotoCorp and its Chairman Pawan Munjal in an alleged bill forgery case. The FIR, filed by the Delhi Police, accuses certain officials of Hero MotoCorp of forgery, falsification of accounts, criminal conspiracy, and cheating. Hero MotoCorp has stated that the case is an old matter dating back to 2009-10 and involves a disgruntled service provider.
Delhi Police file FIR on cheating complaint against Hero MotoCorp
The complaint names Pawan Munjal, chairman of Hero MotoCorp, and executives Vikram Kasbekar and Hari Gupta, but the FIR does not name any official or the company, Hero MotoCorp said in a BSE filing.
Hero MotoCorp shares fall over 3% on FIR against Chairman Pawan Munjal for alleged fraud
The correction brings the stock below its 50-day Simple Moving Average (SMA) of Rs 3,005.80 according to Trendlyne data though it is still trading above its 200-DMA
Delhi liquor scam case: CBI registers case against CEO of Claridges Hotels, Pawan Khatri, & Air India employee
The FIR has been registered under criminal conspiracy, an offense relating to a public servant being bribed, taking undue advantage to influence a public servant by corrupt or illegal means, or by exercising personal influence, an offense relating to the bribe of a public servant.
Hero MotoCorp faces tax probe over links to vendor
India's Directorate General of Goods and Services Tax Intelligence is investigating motorcycle manufacturer Hero MotoCorp over its connection with vendor Salt Experiences, suspected of false expenditure reporting of around Rs 900 million ($10.87m). The investigation coincides with a separate exercise by India’s Directorate of Enforcement, which searched 12 premises operated by Hero MotoCorp and founding shareholder Pawan Kant Munjal, seizing $3m in assets.
ED searches 11 locations linked to Hero Moto, Pawan Munjal's residence
The Enforcement Directorate (ED) Tuesday is conducting searches at 11 locations on premises linked to Hero MotoCorp, sources in the know told ET. The probe is reportedly in connection with the DRI’s case allegedly pertaining to carrying of excess forex by Amit Bali, an alleged close aide of Pawan Munjal, Chairman, Chief Executive Officer and Managing Director, of Hero MotoCorp
Hero MotoCorp shares fall 3% after July total sales decline 12%
Meanwhile, domestic sales were at 3,71,204 units as compared to 4,30,684 units in July 2022. Exports, however, increased to 20,106 units from 14,896 units in the corresponding period of the last year.
Hero MotoCorp shares slump 4%, off 2-year high; what dampened D-Street mood?
Hero Moto stock, which hit an over 2-year high of Rs 3,244 in early trade, erased the gains to hit a low of Rs 3,032.25 on the National Stock Exchange. The selling came on the back of strong volumes of more than 2 million shares. This was way higher than the six-month daily average volume of 6,15,362 shares.
ED searches Hero Moto Chairman Pawan Munjal's residence in money laundering probe
The Enforcement Directorate has searched the residence of Hero MotoCorp's Chairman Pawan Munjal. ET in June had reported that the Ministry of Corporate Affairs (MCA) ordered an investigation against Hero MotoCorp Limited over alleged corporate governance issues.
Economic offences pose serious threat to country's financial health: Delhi court
The FIR was registered on the complaint of one of the investors Lakshay Kumar. He had invested a sum of around Rs 2 lakh and was assured a return of Rs 5 lakh after 12 months. The prosecution alleged the accused persons disappeared after some time.
MCA orders probe against Hero MotoCorp
The probe initiated under 'public interest' will investigate "the true ownership of certain linked companies that may have promoter interests, and likely breaches of corporate governance norms at the behest of promoters," said an official source.
Congress slams BJP govt for Pawan Khera's arrest, salutes SC for relief
AICC general secretary KC Venugopal, among Raipur-bound Congress leaders who staged a dharna at the tarmac after Khera was forced to disembark, said, "the Modi government is acting like a bunch of goons by deplaning Pawan Khera from the Delhi-Raipur flight and preventing him from joining the AICC plenary. Using a flimsy FIR to restrict his movement and silence him is a shameful, unacceptable act. The entire party stands with Pawan ji."
Pawan Khera arrest: Police was duty-bound if FIR has been registered under relevant sections, says Himanta Biswa Sarma
Assam chief minister Himanta Biswa Sarma said that police was duty-bound to arrest Khera. If the FIR has been registered under relevant sections.
Delhi court grants interim bail to Congress leader Pawan Khera till February 28
Chief Metropolitan Magistrate Archana Beniwal granted interim bail to Khera, who was produced before the court, on a bail bond of Rs 30,000 and one surety of the like amount. The magistrate passed the order around 6.10 pm after receiving a copy of the apex court's order for Khera's release. A three-judge bench headed by Chief Justice D Y Chandrachud had earlier in the day ordered grant of interim bail to Khera till February 28 in the case lodged in Assam.
"It's a long battle, I'm ready to fight": Pawan Khera after Assam Police arrests him
Congress leader Pawan Khera on Thursday said that he is "ready to fight the long battle" soon after Assam Police arrested him in the national capital. Khera will be presented in a Delhi court and will be taken to Assam on transit remand.
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